Pretty interesting. It's indicating a severe drop in demand on mtgox and a boom in demand on localbitcoins.

Can't wait for that Winklevoss ETF to come out. That's going to be huge.

Its not factoring Mt Gox into their price at all. From the Formula section....

As of February 7, 2014, Mt.Gox placed a "pause on all BTC withdrawal requests” in addition to a continued "back-log of [USD] withdrawals”. As a result, it is no longer a qualified exchange for the Winkdex calculation.

The name is dumb, but that can be changed later. Think of this as more of a proof of concept, and you can't exactly expect the Winklevii to do anything perfectly. So far they have made the largest known purchase of bitcoins, and they did it at a time when most thought the currency would flounder as a black market oddity. They are behind most of the large positive stories we saw last year in the press, and they are currently speaking directly to government officials at very high levels to get bitcoin legitimized. All of this makes them a fortune, sure, but they came from an uber-rich family so it is no big surprise that they will be very successful. Believe it or not, as douchey as they may seem sometimes, they are doing more than almost any other person(s) to help bitcoin.

You all should really be thanking them, honestly, and you know you should. You don't have to like them in order to thank them and show due respect. It makes all of us on this forum look bad when we attack people that are trying to help us as much as possible.